Transcript

00:00:01

>> Brexit will begin on March the 29th. Prime Minister Theresa May's office confirming the trigger date for Article 50. Reuters UK economics correspondent, Bill Schomberg, says she'll write to the EU next Wednesday.>> Well this starts the clock ticking, so it might focus the minds a little bit of investors and companies now that the process has actually begun.

00:00:22

Until a few months ago, some people were speculating that, in fact, we wouldn't actually get to this point, that something would happen to stop the government from proceeding with the plan.>> Two years of official negotiations will follow, but critics say that's nowhere near enough time to hammer out a deal.

00:00:37

>> We got our country back.>> For now, Britain's economy has held up better than expected following the June vote for exit. Economists watching to see if that changes when the talks actually begin.>> I think if everything goes really badly and there's a prospect of not having a deal, for example, with the EU then that would weigh on business sentiment for sure.

00:00:59

On the other hand, The global economy is starting to kick up a few gears now and things are looking better in other economies. So, for British companies which are looking at those markets and with a pound, which is worth less than it was before the referendum, that will have some sort of counterbalancing effect on any concerns they might have about Brexit regarding their investment intentions.

00:01:20

>> European Council President Donald Tusk has reportedly been informed on Downing Street's intentions. He's expected to send negotiating guidelines to the other member states within 48 hours of Article 50 being triggered. Full talks could then begin in May. After ten months, Brexit is about to get real.